Aquatic Capital Management LLC Buys 91,114 Shares of Roblox Corporation $RBLX

Key Points

• Aquatic Capital Management LLC raised its stake in Roblox by 90.3% in Q3, adding 91,114 shares to hold 192,046 shares worth about $26.6 million at quarter-end.
• Insiders sold 703,144 shares (roughly $51.7 million) over the past quarter, including Mark Reinstra (60,000 shares at $63.94) and Arvind Chakravarthy (40,646 shares at $67.23), while insiders still own 12.92% of the company.
• Roblox has a market cap of about $37.3 billion and is trading near $56.42 (52-week range $50.10–$150.59); analysts give a consensus rating of "Moderate Buy" with a consensus target price of $117.35.

Aquatic Capital Management LLC grew its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 90.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 192,046 shares of the company's stock after acquiring an additional 91,114 shares during the period. Aquatic Capital Management LLC's holdings in Roblox were worth $26,602,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its position in shares of Roblox by 2.3% during the 1st quarter. NewEdge Advisors LLC now owns 10,236 shares of the company's stock worth $597,000 after purchasing an additional 231 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Roblox by 70.2% during the second quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company's stock worth $1,368,000 after purchasing an additional 5,363 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Roblox in the second quarter valued at approximately $285,000. Allworth Financial LP boosted its stake in shares of Roblox by 95.7% in the second quarter. Allworth Financial LP now owns 3,090 shares of the company's stock valued at $325,000 after buying an additional 1,511 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Roblox by 58.0% in the second quarter. PNC Financial Services Group Inc. now owns 10,903 shares of the company's stock valued at $1,147,000 after buying an additional 4,004 shares during the period. Institutional investors own 94.46% of the company's stock.

Roblox Stock Performance

Shares of Roblox stock opened at $56.42 on Friday. The company's 50 day moving average price is $69.85 and its two-hundred day moving average price is $97.43. The firm has a market capitalization of $37.33 billion, a P/E ratio of -36.40 and a beta of 1.62. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.04. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the business earned ($0.33) earnings per share. The company's revenue for the quarter was up 122.6% compared to the same quarter last year. On average, equities analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Roblox

In related news, insider Mark Reinstra sold 60,000 shares of the firm's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $63.94, for a total transaction of $3,836,400.00. Following the completion of the transaction, the insider directly owned 394,322 shares of the company's stock, valued at $25,212,948.68. This trade represents a 13.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Arvind Chakravarthy sold 40,646 shares of the company's stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $67.23, for a total value of $2,732,630.58. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 703,144 shares of company stock worth $51,681,640 over the last quarter. Insiders own 12.92% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on RBLX. The Goldman Sachs Group decreased their price target on Roblox from $180.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, February 6th. Morgan Stanley cut their price objective on shares of Roblox from $155.00 to $140.00 and set an "overweight" rating for the company in a research report on Friday, February 6th. B. Riley Financial began coverage on shares of Roblox in a research note on Tuesday, December 9th. They set a "buy" rating and a $125.00 price objective on the stock. Wells Fargo & Company set a $97.00 target price on shares of Roblox in a report on Monday, February 9th. Finally, BTIG Research restated a "buy" rating and issued a $141.00 target price on shares of Roblox in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $117.35.

About Roblox

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company's building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox's business model is built around its virtual economy and creator ecosystem.

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